There are many paths to an innovation. I don't think the first person deserves such a monopoly. American IP law, in combination with the generally letigious society, has always seemed like a net source of innovation friction...
A company that spends billions of dollars in research assumes they will be able to recoup the cost by having a monopoly on the drug they developed. If however competitors can flood the market with the same drug, they cannot recoup the cost and will subsequently go bankrupt.
Without the proper incentives you can’t expect companies to pursue strategies that will lead to bankruptcy.
We could publicly fund pharmaceutical research. Indeed, I suspect we'd be better off publicly funding it on cost terms alone. Global pharma research was $186 billion in 2019. [1] The US spends over $100 billion more on drugs compared with other countries' per-capita spending. [2] The current opioid crisis costs nearly $80 billion/year, [3] and was kicked off by a prescription opioid boom [4] driven by the promotion of Oxycontin. [5]
[1] https://www.statista.com/statistics/309471/randd-spending-sh...
[2] https://theincidentaleconomist.com/wordpress/what-makes-the-...
[3] https://www.drugabuse.gov/drug-topics/opioids/opioid-overdos...
You of course get a lot of imitation cokes and that’s great! More consumer choice. With Pharma, the idea is that you get generics after the patent expires. However, an interesting “what if” to ponder - what if the resources that go into generics went instead into the coke-wannabes of the pharma and actually resulted in more innovation? We’ll never know.
Public funding is fine for when your end-goal is known. In medicine, the end-goal is known: cure/manage condition X, which will save lives or improving quality of life of sufferers.
Optimising for patentable, innovative techniques is no longer a distraction (because those aren't needed to "protect your investment"). Optimising for ongoing therapy rather than a one-off/infrequent cure is no longer a distraction because you already got your money from the government and ain't getting any more. You can just focus on getting the job done quickly, with the cheapest techniques available (though boring they might be), and with the cheapest possible total cost of running the therapy start-to-end.
And still, Moderna and BioNTech came up with vaccines for COVID-19, not therapies.
Name three, and give reasons to believe that there's no cure for business reasons. If you can't name at least three (of the "many conditions"), then how can you be so sure of this?
#2) Oxycontin. We have far better cures for short-term pain management. A 1996 internal email from Sackler: "get an audience for our patent infringement suits so that we are feared as a tiger with claws, teeth and balls, and build some excitement with prescribers that OxyContin Tablets is [sic] the way to go.15" (https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5234149/)
#3) Unnecessary procedures (440k/deaths year from medical errors -https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5234149/)
2) > We have far better cures
So you’re saying there are cures. Great then. Please re-read the gp's question. For 3) as well...
There is research that solidly backs this up. Taxpayers are bankrolling the industries but it's the shareholders who are reaping the rewards. It's further support for the argument that IP should not be private but rather commonly shared.
Outside of running restaurants, people who innovate in recipes tend to make money via either writing cookbooks or hosting TV shows. Both of which are protected by IP.
This is a mis-statement of the anti-IP case. Given the abolishment of IP laws, creators are not prevented from benefitting from their invention. They merely no longer have the benefit of the state regulators in preventing others from following the inventor's example.
> Including any monetary benefits if they so choose.
The "monetary benefit" here is the power to exclude others from manufacturing the invention with the power of the state, and to compel society at large to pay for enforcement of this monopoly.
To me, the solution is to let the cycle repeat. Let the next animation company start making stories about Spidier-Man or Luke Skywalker. Sure, keep the trademarks so you can't say "Marvels™ Spidier-Man", but John Smith should be able to take a crack at his version of Spider-Man just like Walt got his version of Cinderella.
I'm pretty sure they'd have to hire their own animators in order to produce a product to sell. Theft is still a crime, we would be removing Disney's ability to use the police to shut down the work of amateur animators.
https://www.denofgeek.com/books/disney-refuses-to-pay-royalt...
Nonsense, they can sell their own artwork too.
But in patents, sometimes it is just a person who noticed that existing technologies X and Y could be used together, and filed the patent first. If not them, someone else would have noticed it somewhat later. Even worse, someone else may get the idea independently a few weeks later... and then be sued for using it. Actually, if you invent something, it is always risky to use it, because you can never be sure whether someone else didn't patent it before you. (Did you do an expensive research of existing patents? Maybe you used a wrong keyword.) (By the way, patents also sometimes do not belong to people who had the idea.)
(Btw, an example for your question is to look up the origin of this thing we are using to communicate—the WWW)
Being able to extract substantial rent in effective perpetuity from e.g. some copyright you own is a luxury only afforded to a relatively small minority, and ideally I think only productive work should be awarded, not rent. That will incentivize productive work rather than rent seeking.
You're only getting paid because people have to pay you the market rate for your work. If a musician creates and records a song [1], releases it at market rates (say, 2 USD), and everyone can just copy it without repercussions, he won't be able to make a living, no matter how productive he is.
[1] Which entails many hours of work, plus equipment costs.
It's really a strange, indirect way to go about it, though. It doesn't in itself incentivize further work (a lot of the music I still regularly pay for was recorded by dead artists in defunct studios, so no incentive short of Frankenstein will compel them to make more) and it may or may not cover the investment the artist/studio made in terms of actual work and equipment costs.
The up front costs is in creating and recording the music, which consumers could pay for instead of copies. A lot of creative artists are already taking this approach with crowdfunding platforms like Kickstarter and Patreon.
Even now, it's probably true for most musicians that sales of copies isn't particularly lucrative compared to concerts/work for hire/project contracts, while recordings have an ever increasing number of pockets to line before the artists get their take. It's a potentially infinite revenue source, so why not?
Are you talking about me? Which part of my posts is not "logical"?
> If you are in the 1% who gets a nice fat check thanks to IP laws, hurray for you.
I'm not. Some people are able to hold opinions that don't directly benefit them. Inconceivable, right?
> You can promote the Big Lie all you want, but any smart honest person will figure out eventually that IP is evil from every angle.
That's not even an argument. And you're accusing me of being "immune to logical conversations"?
I do apologize for me jumping on you there and assuming bad faith, it’s just that most folks who raise similar points to you are coming from that, but wasn’t fair of me to assume the worst from you. I like your point about holding opinions that go against your own self-interest (being against IP has personally cost me a fortune), and I encourage you to delve more into this issue.
You've neglected to argue as to why these needs should be artificially subsidized by the issuance of state-enforced monopolies for certain concepts.
... What? Avicebron argued that "financial reciprocation" should not be a priority of a creator, I countered that idealism won't keep you alive for long, and that creators need to make money to be able to create. Your post is completely beside the point.
So who's going to pay them? Their employer? That raises two problems: 1) Creators can't be independent and self-employed anymore, and 2) how is their employer going to make enough money?
A rich patron? That's hardly a better system.
Whoever wants artwork, obviously.
> 1) Creators can't be independent and self-employed anymore,
Actually, there are plenty of independent creators who are either self-employed or work at a job.
> 2) how is their employer going to make enough money?
Presumably the reason they are an employer is their ability to run a successful enterprise.
> A rich patron? That's hardly a better system.
Why not?
Many great works of art have come to us via this system. In our time, isnt that what Patreon is?
The over-simplified summary is that instead of worrying about the losing the monopoly protection of copyrights and patents - which are expensive to enforce and often bypassed - consider the new types of innovation that become possible when you have access to the all of the knowledge that was previously locked behind IP monopolies.
Do you mean a world where YouTube takes money from creators and give it to corporations that claim ownership of public domain music, or do you mean independent artist who gets zero money from their Spotify plays, since the three company cartel of record companies have forced streaming services to pool the artists’ money and then give most of that money to the biggest artists fronted by those same three record companies..?
This abuse is wholly dependent on the outrageous IP laws we live under.
Which creators are you talking about?
We can also chose to reward innovators both for the effort and the result. It should be in proportion tho, an invention that makes you the owner of the world is not desirable for anyone else.
And finally, the most ironic, you don't have innovation if you are renting it. (they don't even have to let you rent it) Its a well crafted con that turns you into a subject to be exploited in any way the ~~innovator~~ owner chooses.
they are entitled to the benefits of their creation. by executing their idea better than others. and selling that execution competitively.
We've had innovations for thousands of years without IP. Not to mention that Linux and GNU exist for a reason. Do you think people will stop writing books, making music, etc without IP laws.
> Including any monetary benefits if they so choose.
How does removing IP laws prevent you from profiting from your work?